Holding the Anchor

Holding the Anchor


LatinFinance: Why is it important to lower inflation to the same level as in the US? Guillermo Ortíz:I think that if the history of Mexico has been of convergence and reform, we have to be consistent. Lowering inflation cannot be a goal in itself. It's the final goal of any policy to increase the well-being of the population. LF: International investors will never forget the 1994 peso devaluation. Are there similarities between 1994 and the current economic scenario? GO: I don't think there are any similarities. I think things are totally different. In 1994, we had a fixed exchange rate policy. Today we have a flexible exchange rate. We also had a current account defici

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